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20121201
20121231
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and they are not even in washington yet. >> is that january 1st deadline set in stone? are they locked into it? must it happen? presumably you have a couple of days for people in different bits of government are signing the relevant paper work to do what they have to do with the rate of tax people pay. >> there is an immediate payroll tax hike for americans as soon as the new year begins. people see a deflation in their budgets unless the process can be reversed and the spending plans are agreed upon. this is a militarily misleading term. this is a slope or a slide. these are tax increases and spending cuts that were involved and will be felt over a couple of months and so will their economic impact. if this happens and the fiscal cliff is not averted, america will go into recession immediately, that is not the case. there is the government demand over coming months which has the potential to have a recession of 2013. if taxes go up, they may cut back on their spending. this is likely to have a damaging effect. >> you will keep us posted. it has been a bleak midwinter across the u.s.. this has broug
Search Results 0 to 0 of about 1